Posted By:
Marc S.<<What is your policy on postal insurance?>>
What I think is this:
A) The USPS postal insurance rates are exorbitant. It is $1.30 for $50 of insurance. I am 100% sure that 2.6% of packages are not lost by USPS. I see this as a huge profit center for them.
B) When I sell stuff - especially stuff over $100, I require (or just pay for) insurance to get rid of fraud, since I do not know the buyers - and it is easy to be opportunistic and take advantage of a situation.
C) If it is a seller that I have worked with before, and I trust them and know that the pack things well, for items under a certain threshold, I think insurance is not worth the cost. Delivery confirmation or something is fine - but not insurance.
D) For all high-dollar purchases, my preference is always USPS registered and insured mail. It's pretty cheap - and I've heard too many horror stories about both Fed Ex and UPS to be comfortable with them.
~ms